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Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past

Audio Mises Wire

Tags Money and Banks

05/06/2021Doug French

The central bank has basically destroyed the business of risk, and commercial real estate remains a looming disaster. As a result, banks aren't lending to regular people. The economy increasingly relies on little more than newly printed money. 

Original Article: "Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past"

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Author:

Doug French

Douglas French is former president of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.

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